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An external cost in the production of a good creates a difference between the i. costs borne by the producer and the costs borne by society in general.
Ii. efficient quantity of output and the equilibrium quantity of output.
Iii. marginal social cost and the marginal private cost.
Interactive Software
Computer programs that are designed to allow user interaction to perform certain tasks rather than just running a predefined sequence of operations.
Respondent Behavior
A type of behavior that occurs as an automatic response to a certain stimulus, often used in the context of classical conditioning.
Taxi Dancer
A paid dance partner in a partner dance who works for a dance hall or club.
Radio Corporation of America
A powerful company established in 1919 that played a pioneering role in the development and spread of radio broadcasting and television in the United States.
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